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All Forum Posts by: Aayush Jetley

Aayush Jetley has started 0 posts and replied 2 times.

Post: 10% Down Second Home/STR Loan Not Dead/Debunking bad info

Aayush Jetley
Pro Member
Posted
  • Investor
  • Dallas, TX
  • Posts 2
  • Votes 0

@Jeff Chisum - thanks for the great insights! 

Question - if a second vacation home is rented on STR basis after closing, what issues could arise when the insurance policy is changed from homeowner's to STR? For a conventional mortgage, at closing, the lender wants you to maintain a homeowner's policy and so I'm trying to understand the consequences of changing the policy post closing. 

Speaking to some lenders in the past, I was told that as long as you maintain a good payment history for a minimum of six payments, there shouldn't be any issue with policy updates. 

Post: ⚒️NEW: BiggerPockets Renovation Toolkit Powered by The Home Depot ⚒️

Aayush Jetley
Pro Member
Posted
  • Investor
  • Dallas, TX
  • Posts 2
  • Votes 0

It's been more than a week since I enrolled in this program and I'm still not seeing the Preferred Pricing on my HD ProX account. Have reached out to the HD Account Manager for updates.